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UPDATE: Lufthansa Strike Suspended

Frankfurt, Germany (CNN) |  Both sides in a pilots strike against Lufthansa have agreed to suspend the standoff —which has canceled hundreds of flights—at midnight (6 p.m. Monday ET).

The suspension is set to expire on March 8, barring the reaching of an agreement before then, both sides said in a Frankfurt labor court.

"The judge was very clear," airline spokesman Klaus Walther said. "He recommended the union to stop the strike action and to return to the negotiation table."

Walther predicted the two sides would reach a final agreement "pretty fast."

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